GE Aerospace (NYSE:GE) Shares Sold by Caxton Associates LP

Caxton Associates LP reduced its holdings in GE Aerospace (NYSE:GE) by 44.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,205 shares of the company’s stock after selling 1,776 shares during the quarter. Caxton Associates LP’s holdings in GE Aerospace were worth $368,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GE. New Age Alpha Advisors LLC grew its holdings in shares of GE Aerospace by 133.3% in the 4th quarter. New Age Alpha Advisors LLC now owns 147 shares of the company’s stock worth $25,000 after acquiring an additional 84 shares during the period. Hager Investment Management Services LLC purchased a new position in shares of GE Aerospace in the fourth quarter valued at $27,000. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of GE Aerospace in the fourth quarter valued at $28,000. Sugar Maple Asset Management LLC purchased a new stake in shares of GE Aerospace in the 4th quarter worth about $29,000. Finally, CBIZ Investment Advisory Services LLC acquired a new stake in GE Aerospace in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 74.77% of the company’s stock.

Analyst Upgrades and Downgrades

GE has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $220.00 price objective on shares of GE Aerospace in a research report on Wednesday, April 23rd. UBS Group upped their target price on GE Aerospace from $207.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Bank of America lifted their price target on GE Aerospace from $200.00 to $225.00 and gave the company a “buy” rating in a report on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on shares of GE Aerospace from $190.00 to $210.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, Citigroup lowered their target price on shares of GE Aerospace from $235.00 to $227.00 and set a “buy” rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, GE Aerospace presently has an average rating of “Moderate Buy” and an average target price of $216.92.

GE Aerospace Price Performance

GE opened at $209.90 on Thursday. GE Aerospace has a 52-week low of $150.20 and a 52-week high of $214.21. The company has a 50 day moving average of $194.66 and a two-hundred day moving average of $187.47. The company has a market cap of $223.83 billion, a P/E ratio of 35.04, a P/E/G ratio of 2.59 and a beta of 1.31. The company has a quick ratio of 0.81, a current ratio of 1.09 and a debt-to-equity ratio of 0.88.

GE Aerospace (NYSE:GE) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.20. GE Aerospace had a return on equity of 22.19% and a net margin of 14.31%. The company had revenue of $9.94 billion for the quarter, compared to analysts’ expectations of $9.06 billion. On average, analysts expect that GE Aerospace will post 5.4 earnings per share for the current year.

GE Aerospace Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, March 10th were given a $0.36 dividend. This is an increase from GE Aerospace’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.44 annualized dividend and a yield of 0.69%. GE Aerospace’s dividend payout ratio (DPR) is 22.40%.

Insider Activity

In other GE Aerospace news, SVP Mohamed Ali sold 1,602 shares of the company’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $200.67, for a total transaction of $321,473.34. Following the sale, the senior vice president now owns 8,805 shares in the company, valued at $1,766,899.35. This represents a 15.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert M. Giglietti sold 4,104 shares of GE Aerospace stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $196.73, for a total value of $807,379.92. Following the completion of the transaction, the vice president now owns 11,540 shares of the company’s stock, valued at approximately $2,270,264.20. The trade was a 26.23 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.21% of the company’s stock.

About GE Aerospace

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.